Layout 2 - Manlius Pebble Hill School

2010-11 Annual Report v5_Layout 2 1/16/12 4:17 PM Page 7MANLIUS PEBBLE HILL 2010/11 ANNUAL REPORTThe Manlius Pebble Hill Endowment & Investment FundMPH’s Endowment and Investment“Fund” refers to the investmentaccounts comprising the MPHInvestment Portfolio. This includesthe Restricted General EndowmentFund, the Donor-Restricted Endow -ment Fund, and the UnrestrictedGeneral Institutional Fund.The School’s Board of Trusteesoversees the investment of monies inthis fund, interest from which is usedto support needs such as scholarships,financial aid, faculty chairs, and otherimportant needs.At present, this fund is small byprivate school standards, whichsuggest a fund should be at least threetimes a school’s operating budget –for MPH that would mean $27million. It is the growth of this fundthat will protect the School in theevent of an unforeseen catastrophicevent or emergency situation. It iswhat will ensure that the Schoolcontinues as a vital educationalinstitution for future generations ofstudents.Within the Donor RestrictedEndowment Fund, there arenumerous individual funds, which arelisted on the following pages inalphabetical order. Many of thesefunds were initiated in the 1970s and1980s upon the retirement or passingof former faculty members, alumni, orfriends. In some cases, we are unableto ascertain from old records the exactamount of the gifts made to establisha particular fund.A brief description of each of thenamed funds follows, along with thetotal amount of accumulated capitalin each. We have also recognized anynew donations made in the 2010-2011year. As of 2010/2011 the Board ofTrustees implemented a $50,000minimum to endow a new fund.For information about naming aDonor Restricted Endowment Fundor contributing to an existing fund,please contact Tina Morgan, directorof development, at 315/446-2452,ext. 124.Endowment and Investment Fund Growth$5,000,000$4,893,949$4,000,000$3,000,0002,500,0002,000,0001,500,0001,000,000500,000094/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11| 7